Mobile application Skrmiish recently announced it closed a $2.5 million seed funding round. This money will be used to aid in the company’s global expansion as well as the growth of its executive team.
Pan-African VC fund Launch Africa, the Blockchain Founders Fund, and Stellar all participated in this financing round. Skrmiish is expected to announce additional investors soon.
“A combination of having the world’s fastest growing youth population together with an exponential increase in digital skills transfer and connectivity amongst the youth, puts young Africans in pole position to be both the leading consumers and creators of content in the competitive video gaming world by 2030,” said Zachariah George, a managing partner at Launch Africa. “The Skrmiish team are well positioned to tap into the huge market for skill-based games where we can finally see the true democratization and monetization of young gaming talent.”
Based in South Africa, Skrmiish is a play-to-earn mobile application that allows gamers from around the world to make money by simply playing AAA games. Since it was launched in 2021, the start-up company has registered over 100,000 users in more than 100 jurisdictions around the globe.
At this time, the application is live in the United Kingdom as well as other parts of Europe. The company does have plans to move into North America and Latin America.